Report reveals truck refrigeration market worth $15B by 2025
The medium and heavy commercial vehicle (M&HCV) segment has shown tremendous growth in terms of production in recent years.
The truck refrigeration unit market is projected to reach $15 billion by 2025, at a CAGR of 5.21%, according to a report published by MarketsandMarkets, New York. The growing LCV sales worldwide and increasing demand for frozen and chilled goods are projected to drive growth and sales.
M&HCV segment is expected to grow the highest CAGR